The World Bank will give $ 71 billion
The World Bank will give $ 71 billion to two projects for improving the quality of primary education and government statistics. The amount of money in the amount of money is about 5 thousand 800 crore The World Bank said in a press release.
This signing ceremony was held on Thursday at the Economic Relations Division (ERD) conference room of the city's Sher-e-Bangla Nagar. ERD Secretary Kazi Shafiqul Azam and World Bank's Country Director, Chinmaya Fan signed the agreement. Senior officials of both sides were present at the time.
According to the World Bank press release, $ 700 million will be given for quality education programs for all. The other project is the National Strategy for Development of Statistical Implementation Support Project. The project will be given a half million dollars.
The two loans should be repaid in 38 years with six years of the grace period and the annual rate of 75 percent on interest rates.
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